Returning to the market after the May Day holiday, the phenol market rose sharply, and the rise in raw materials became more prominent, which formed a certain support for phenol ketones. Although the port inventory increased, the phenol factory raised the listing price for many times, and the traders’ mentality was good, and the offer was higher. First, the market negotiated the price upward, and the terminal also made a moderate replenishment, and the participation increased. However, after the market rose to 10650 yuan / ton for several days, it was difficult for the downstream to follow up, The market negotiation entered a stalemate situation. Under the pressure of the goods holders, the goods were delivered at a profit, and the market negotiation quickly returned to the pre holiday state. According to the monitoring data of the business society, the average offer of phenol in the domestic market was 10337 yuan / ton on May 1. On May 9, the market offer was pushed up to 10631 yuan / ton. Then the market entered a stalemate. Under the pressure of cost, the market rose again in the last ten days. As of the end of the month, the market offer was 10837 yuan / ton, with an overall increase of 4.84% in the month.

Trend chart of average phenol price in the national market

In the first ten days of May, both the upstream and downstream of phenol showed an upward and high position, which strongly supported the post Festival rise of phenol. However, after the downstream staged replenishment, the negotiation entered a stalemate. After the replenishment was just needed for a period of time, the demand went down. In the middle of the year, the market showed a stalemate in trading after falling back, which was difficult to improve. In the last ten days, due to the cost pressure, the phenol and ketone losses of the factory kept rising, and the market also followed the high report upward.

Phenol offers in various markets nationwide are as follows:

Region, Quotation, Monthly rise and fall

East China, 10800., five hundred

Shandong region, 10850., five hundred

Surrounding areas of Yanshan mountain, 10850., five hundred

South China, 10850., four hundred and fifty

In terms of crude oil, due to the uncertainty of the situation in Russia and Ukraine and the fact that the EU embargo policy on Russian oil has not yet been implemented, the future crude oil supply is still expected to be tight. In addition, with the continuous rise of gasoline prices in the United States and the approaching peak season of fuel oil demand, demand growth has driven up international oil prices. Brent rose $10.09/barrel, or 9.23%; WTI rose $10.38/barrel, or 9.91%. Crude oil and external market remained high in the short term, and the decline in port inventory was also good for the pure benzene market. However, most of the downstream products lost money, the operating rate of the main products decreased, and the follow-up of high priced pure benzene weakened. Overall, the price of pure benzene is high in the short term, but there is no lack of possibility of decline. Continue to pay attention to the impact of international crude oil market, external market, pure benzene and downstream device dynamics, demand side changes, etc. on the price of pure benzene.

The downstream bisphenol a market as a whole rose first and then fell. In late May, the bisphenol a market fell significantly. Near the end of the month, the on-site negotiation was 15000-15200 yuan / ton, the participation of low-cost intermediate traders increased, and the terminal factories also had inventory demand. It is expected that the market may improve after the holiday.

At the end of the month, the carriers’ enthusiasm for shipping was not high, and there was a situation of being reluctant to sell at high prices. The factory and the market continued to push up, but the terminal participation was cautious. The business club expected to maintain a high level in the short term.